HomeMy WebLinkAboutRESOLUTION - 27-75 - 3/25/1975 - SENIOR CITIZENS/EXEMPTIONSRESOLUTION NO. 27-75
A RESOLUTION URGING THE GENERAL ASSEMBLY OF THE STATE OF ILLINOIS
TO AMEND CHAPTER 120, SECTION 500.23-1 OF THE ILLINOIS REVISED STATUTES
TO PROVIDE INCREMENTAL INCREASES IN THE PRESENT EXEMPTION OF $1,500
TO SENIOR CITIZENS
WHEREAS, the problem of primary concern to the largest number of Elk
Grove Village senior citizens is Real Estate Tax Relief and this burden
appears to be the focal point of their economic dilemma because (1) it is
a sizable portion of the senior citizens total living expenses, and (2) it
is a problem shared by nearly all the senior citizens since most of them
are homeowners and all require housing; and
WHEREAS, it has been recommended to the President and Board of Trustees
of the Village of Elk Grove Village that appropriate action be taken to
raise the Homestead exemption to $10,000 for persons 65 years or older as
provided by the Illinois Revised Statutes.
NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees
of the Village of Elk Grove Village, Counties of Cook and DuPage, State of
Illinois that the General Assembly of the State of Illinois be urged to amend
Chapter 120, Section 500.23-1 of the Illinois Revised Statutes to provide
incremental increases in the present exemption of $1,500 Homestead Exemption
as follows:
EFFECTIVE
DATE
PROPOSED TOTAL EXEMPTION
JANUARY 1,
1975
$2,500
JANUARY 1,
1977
5,000
JANUARY 1,
1979
7,500
JANUARY 1,
1981
10,000
BE IT FURTHER RESOLVED that copies of this resolution be forwarded to
members of the General Assembly of the State of Illinois, the Cook and DuPage
County Boards, and neighboring i-Inicipalities of Elk Grove Village.
PASSED this 25th day of March
APPROVED this 25th day of
ATTEST:
Village Clerk
1975.
March 1975.
T
Village President','